20 Sep 2010 ... Combination Accelerates Invoice Processing for Oracle E-Business Suite ... today
announced that its MarkView for Accounts Payable solution ...
September 20, 2010
Kofax’s MarkView for Accounts Payable Achieves Validated Integration with Oracle EBusiness Suite Combination Accelerates Invoice Processing for Oracle E-Business Suite Users MOSCONE CENTER, SAN FRANCISCO, CA, SEPTEMBER 20, 2010 – Kofax plc (LSE: KFX), the leading provider of document driven business process automation solutions, today announced that its MarkView for Accounts Payable solution has achieved Oracle Validated Integration with the Oracle E-Business Suite release 12.1, a fully integrated suite of business applications for the enterprise. The announcement comes in conjunction with Kofax’s participation at Oracle OpenWorld 2010, taking place this week in San Francisco. The MarkView for Accounts Payable solution automates the receipt and capture of paper and electronic invoices, performs data extraction and perfection, and manages workflows for routing transactions through approval and exception handling processes, significantly reducing cycle times and costs while optimizing control and cash flow management. Such automation accelerates invoice processing, implements best practices and leverages the power of the Oracle E-Business Suite. “Oracle Validated Integration applies a rigorous technical review and test process,” said Kevin O’Brien, Oracle’s Senior Director of ISV and SaaS Strategy. “Achieving Oracle Validated Integration through the Oracle PartnerNetwork gives customers confidence that the integration between Kofax's MarkView for Accounts Payable and the Oracle E-Business Suite 12.1 has been validated and the products work together as designed. This can help reduce risk, improve system implementation cycles, and provide for smoother upgrades and simpler maintenance.” “Our partnership with Oracle has been instrumental in helping customers realize a rapid return on investment by reducing costs through consistent, efficient automation for accounts payable processes,” said Martyn Christian, Chief Marketing Officer at Kofax. “We are proud to achieve Oracle Validated Integration with this latest version of the Oracle E-Business Suite, which provides us significant advantage over our competitors.” The MarkView for Accounts Payable solution is part of the MarkView Financial Suite, a comprehensive, capture-enabled financial process automation platform for accounts payable and other functions. More information is available at http://www.kofax.com/markview/index.asp Oracle Validated Integration applies a rigorous technical process to review the integrations of third-party software to Oracle Applications products, including productized repeatable integrations from system integrators. Oracle provides access to Oracle Applications software, tools, technical resources and training to assist partners in developing integrations based on Oracle standards and best practices. Partners who have successfully validated their integrations are authorized to use the “Oracle Validated Integration” logo. For more information, visit http://www.oracle.com/us/partnerships/solutions/index.html. Oracle PartnerNetwork (OPN) Specialized is the latest version of Oracle's partner program that provides partners with tools to better develop, sell and implement Oracle solutions. OPN Specialized offers resources to train and support specialized knowledge of Oracle products and solutions and has evolved to recognize Oracle's growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to differentiate through specializations. Specializations are achieved through competency development, business results, expertise and proven success. To find out more, visit http://www.oracle.com/partners. About Kofax Kofax plc (LSE: KFX) is the leading provider of document driven business process automation solutions. For more than 20 years, Kofax has provided award winning solutions that streamline the flow of information throughout an organization by managing the capture, transformation and exchange of business critical information arising in paper, fax and electronic formats in a more accurate, timely and cost effective manner. These solutions provide a rapid return on investment to thousands of customers in financial services, government, business process outsourcing, healthcare, supply chain and other markets. Kofax delivers these solutions through its own sales and service organizations, and a global network of more than 700 authorized partners in more than 60 countries throughout the Americas, EMEA and Asia Pacific. For more information, visit www.kofax.com. Oracle and Java are registered trademarks of Oracle and/or its affiliates. “Kofax” is a registered trademark in the US, the EU and other regions. All other trademarks and registered trademarks are the property of their respective owners.
